Shiba inu remained close to a three-month high to start the week, after breaking out of a key resistance level over the weekend. The surge of the meme coin came despite the crypto market mostly being in the red on Monday. Another token that rose during today’s bearish session was unus sed leo, which hit a two-week high. Shiba inu…
The Twitter exchange between WazirX co-founder Nischal Shetty and Binance CEO Changpeng “CZ” Zhao over the ownership of the Indian crypto exchange grabbed a lot of headlines in the first week of August. WazirX was reportedly acquired by Binance in 2019, and ever since then, the Indian crypto exchange has been referred to as “Binance-owned”; however, to everyone’s surprise, CZ…
Cryptocurrency venture firm Dragonfly has acquired a digital asset-focused investment fund for an undisclosed amount — a move that managing partner Haseeb Qureshi said mirrors the broad consolidation trend underway in the industry. Bloomberg reported Monday that Dragonfly purchased MetaStable Capital, a hedge fund co-founded by Naval Ravkiant in 2014, for an undisclosed sum. In doing so, Dragonfly dropped the…
The largest broker in Brazil has launched bitcoin trading services for its clients.XP has over 3.6 million users.The company has a goal of 200,00 users by year end with a scalable capacity of one million users. XP Inc., Brazil’s largest broker when measured by market value, has officially launched bitcoin trading services enabling its 3.6 million users to buy, sell…
After more than a year of efforts to acquire the digital asset custodian BitGo, Mike Novogratz’s cryptocurrency investment firm Galaxy Digital has decided to drop the acquisition. Galaxy has terminated the BitGo acquisition, citing a breach of contract, the firm officially announced on Monday. According to the statement, Galaxy exercised its right to terminate the deal in line with the…
The president of the Central Bank of Brazil, Roberto Campos Neto, has defended the use of more moderate regulations in the crypto environment. Campos Neto stated that while regulation is indeed necessary, it has to be done in a way that doesn’t stop innovation. He also explained his goal is to connect the digital with the regulated world. Central…
A new bankruptcy coin report filed on Sunday shows that troubled crypto lender Celsius’ actual debt stands at $2.85 billion against their bankruptcy filing claims of a $1.2 billion deficit. The latest report shows that the company has net liabilities worth $6.6 billion and total assets under management at $3.8 billion. While in their bankruptcy filing, the firm has shown…
Galaxy Digital, the crypto investment firm run by billionaire Mike Novogratz, today announced it would terminate its proposed deal with crypto custodian BitGo. According to Galaxy, the firm has exercised its right to terminate the previously announced acquisition agreement “following BitGo’s failure to deliver, by July 31, 2022, audited financial statements for 2021 that comply with the requirements of our…
Digital bank Revolut has received approval to offer bitcoin and crypto services to 17 million customers in the EEA.The nod comes prior to the introduction of an European overhaul legal framework for digital assets and service providers. The bank will continue to offer services in the U.K. and service its existing 20 million users. Revolut, a digital bank with 20…
Bitcoin was trading lower to start the week, after the token briefly rose above $25,000 during Sunday’s session. As of writing, the global cryptocurrency market cap is currently trading 2.85% lower. Ethereum also dropped lower on Monday, with prices moving away from a recent high above $2,000. Bitcoin After a brief stint above $25,000 over the weekend, bitcoin (BTC) was…
